From: www.aarp.org
With identity theft rampant, keep only the essentials in your pocket or purse
In an episode of Seinfeld, Jerry’s neurotic friend George Costanza has so much stuff jam-packed into his wallet that it’s ridiculed as a “filing cabinet.” Walking down the street, Costanza the pack rat tries to stuff one more thing inside, and the billfold explodes, scattering its contents to the wind.
Jon…
From: www.legacy-group.org
Sometimes the ideas we take for granted start to fall apart when we take a closer look. Check out this video to begin separating fact from fiction.
From: www.kiplinger.com
Not only can taxes, inflation and health care costs catch you unprepared in retirement, but so can the costs of supporting others and paying for the fun stuff.
Forecasting expenses in the distant future, particularly over the span of several decades, poses a considerable challenge. As we funnel funds into our IRAs or 401(k)s, the prevailing sentiment often leans toward a hopeful outlook,…
From: www.yourcfoguy.com
They are both crucial in Finance & Accounting, yet each tell you different information
Let’s start with some definitions…
➡️ What is a Profit & Loss (P&L)?
In plain English, a P&L tells you what you’re net earnings are, which is the sum of what you’re EARNING, less the expenses you’re INCURRING
In accrual based accounting, that’s all dependent on…
From: www.morningstar.com
These maneuvers may even improve your portfolio.
Morningstar’s resident tax guru Sheryl Rowling describes the conventional method of making charitable contributions as “kind of a breakeven” from a tax standpoint. If an individual writes a check to charity, she can deduct the contribution on her taxes, but she’s contributing dollars that have already been taxed.
Of course, contributing to a charity and…
From: www.webfx.com
Artificial intelligence (AI) encompasses everything from chatbots to data analysis systems, helping businesses around the globe create personalized, sales-driving experiences for consumers and business buyers.
Already, analysts predict spending on AI systems reached nearly $118 billion in 2022 and surpass $300 billion in the next few years.
How much does artificial intelligence cost, though? It’s a question companies of all sizes (from enterprises to…
From: AXS Investments
Persistent, long-term inflation can cut the purchasing power of investor savings in half.
The question is: how fast?
Investors must achieve real returns above inflation to meet long-term objectives, such as retirement or providing children with an education. A low risk, low return portfolio may prove to be high risk over time once inflation erodes the purchasing power of investor savings.
Dustin Murdoff from Mundorf Wealth Management takes a deep dive with Mark DiOrio, Chief Investment Officer at Brookstone Capital Management, on what a Risk-Managed Investment Approach looks like. Here they discuss how Advanced Strategy Diversification is central to that approach.
From: www.gobankingrates.com
Retirement marks a significant milestone in many people’s lives. This is the point when you take a step back from active employment and enjoy the fruits of your labor. But when this happens can vary widely, influenced by factors like health, financial readiness, and personal choice. In 2023, the retirement landscape in the United States and Canada shows…
For some of us, our families are spread out all over the country, maybe even the world in some cases. Not all of us are fortunate enough to have our loved ones as close as we would like, but we are lucky to enjoy the company of our furry family that help to keep us active and lift our spirits daily.
Many Americans are choosing to age in place. A large part of…
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